Gigaset Communications GmbH, an affiliate of Gigaset AG, has today entered into a EUR 10.4 million bridge financing agreement with a syndicate led by Deutsche Bank AG. The credit line shall be repaid by end October 2013 and bridges the company’s seasonal cash requirements, which are traditionally increased over the summer months.
Gigaset AG, Munich, is an internationally operating company in the area of communications technology. The company is Europe's market leader in DECT telephones. The premium supplier ranks second worldwide with around 1,400 employees and a market presence in around 70 countries.
Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is subject to the very highest requirements for transparency. Its shares are traded on the Frankfurt Stock Exchange under the symbol ‘GGS’ (ISIN: DE0005156004).
Further information is available at http://www.gigaset.ag
Tel.: +49 (0)89 444456-937